The petroleum sector in Norway is the most dynamic one in Europe. The Norwegian Continental Shelf forms the major resource area for petroleum resources and discoveries. These petroleum discoveries will be changed to commercially feasible reserves by the efforts of offshore drilling industry. The petroleum production is the final output which is reached by multi dimensional & collaborative operations of oil companies, offshore drilling contractors, oilfield services industry and drilling equipment industry.
The petroleum production from Norwegian Continental Shelf will be sustaining a consistent growth due to opening up of new areas of the shelf such as Barents Sea which holds petroleum reserves in ultra deep water depths.
This will create new opportunities for offshore drilling contractors and oilfield services industry which ultimately gets into business due to commercial interests of oil production companies. The remaining reserves in acreages are thereby decreasing which reflects continued oil production from the exploration and production drilling. Therefore, future growth is expected to be positive as offshore drilling companies and allied industries such as oilfield services industry and drilling equipments industry will be getting service orders from major oil companies due to sustained petroleum production from Norway.
This will create new opportunities for offshore drilling contractors and oilfield services industry which ultimately gets into business due to commercial interests of oil production companies. The remaining reserves in acreages are thereby decreasing which reflects continued oil production from the exploration and production drilling. Therefore, future growth is expected to be positive as offshore drilling companies and allied industries such as oilfield services industry and drilling equipments industry will be getting service orders from major oil companies due to sustained petroleum production from Norway.
The report from Ken Research titled “Norway Offshore Drilling Industry Outlook to 2018” provides detailed overview on the offshore drilling industry of Norway and its pertinent factors and helps readers to identify the ongoing trends in the offshore drilling industry and anticipated growth in future due to increased focus of Norwegian government in attracting the major oil companies for petroleum exploration. The report will assist petroleum industry consultants, global & domestic drilling companies and new market players willing to enter the offshore drilling industry in Norway by aligning their market centric strategies through gaining perspectives from this comprehensive report on offshore drilling industry.